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Archive
- 2/28/2025 -
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Baker Hugh (BKR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Baker Hugh (BKR). During the week, the BKR dropped -1.13 points, or -2.48%, and closed at 44.49 on Friday, February 28, 2025. It was the worst weekly loss since December 20, 2024. Weekly volume was -7% below average.
 Long-term trend: [See BKR long-term trend chart]
A long-term uptrend had started on February 5, 2024 at 28.32 and reached 49.40 on February 6, 2025. BKR gained -21.08 points, or -74.44%, in 52 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 35.39 and resistance is at 49.17. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See BKR medium-term trend chart]
A medium-term uptrend had started on December 20, 2024 at 39.38 and reached 49.40 on February 6, 2025. BKR gained -10.02 points, or -25.44%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (46.30) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BKR may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See BKR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 20, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See BKR short-term trend chart]
A short-term downtrend had started on February 6, 2025 at 49.40 and reached 42.97 on February 28, 2025. BKR lost 6.43 points, or 13.02%, in 22 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 11, 2025. This is an indication that the short-term trend is down.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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